- It's not a good day for cryptocurrencies, with South Korea stating a ban on trading was now "a live option" and China reportedly raising the bar on its cryptocurrency crackdown.
- Bitcoin dropped more than 10% within an hour, eventually tumbling 14% to under $12,000 for the first time since Dec. 6, while ethereum and Ripple posted losses of more than 20%.
- Previously: Singapore hopes crypto tech will survive 'crash' (Jan. 15 2018)
- Related tickers: OTCQX:GBTC, COIN, RIOT, OSTK, SSC-OLD, MARA, UEPS, OTC:BITCF, XNET, GROW, OTCPK:BTSC, OTCQB:BTCS, OTCQB:MGTI, OTCPK:BTLLF SRAX, OTCPK:GAHC, OTC:UBIA, OTC:ARSC, OTCPK:USTC, PRELF, OTCPK:BLKCF, OTC:CRCW, COINB, OTCPK:LFIN
Crackdown fears push Bitcoin under $12,000
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